Research

Work in Progress

• Networks, beliefs, and asset prices (with Tim Hellmann). Drive version, SSRN WP.

• Optimal pensions with endogenous labour supply.  Paper, Online Appendix, Codes.

• Heterogeneous beliefs and short selling taxes. Paper, Online Appendix, Codes.

• Simulating multiple equilibria in rational expectations models with occasionally-binding constraints: An algorithm and a policy application: SSRN Working Paper, Online Appendix, codes. Submitted.

• Endogenous extrapolation and house price cycles (paper , RM version, blog post)

• Housing and intergenerational welfare distribution (slides, with C. Forlati, A. Mennuni)

Publications

• Hatcher, M. 2024. Solving heterogeneous-belief asset pricing models with short selling constraints and many agents, Macroeconomic Dynamics: 1-24. Available open access here.  SSRN Working Paper, Online Appendix, codes.

• Hatcher, M., Hellmann, T. 2023. Communication, networks and asset price dynamics: A survey, Journal of Economic Interaction and Coordination 18: 1-58. Paper and codes. Available open access here.

• Hatcher, M. 2022. Solving linear rational expectations models in the presence of structural change: Some extensions, Journal of Economic Dynamics and Control 138 [104359].  Available open access here  (Online Appendix, codes, slides).

• Hatcher, M., Pourpourides, P. 2022. Does the impact of private education on growth differ at different levels of credit market development? Review of Development Economics. Paper and repository.

• Hatcher, M.  2022. Education, borrowing constraints and growth: A note,  Economics Letters 212 [110274]. Paper. Replication code and repository.

• Hatcher, M. 2019. Should a pension reform be announced? A reply,  Economics Letters 183 [108583 ]. Paper. Replication code and repository.

• Hatcher, M., Scheffel, E. 2016. Solving the incomplete markets model in parallel using GPU computing and the Krusell-Smith algorithm, Computational Economics 48(4), 569-591 . Available here.

• Hatcher, M., Minford, P. 2016. Stabilisation policy, rational expectations and price-level versus inflation targeting: a survey, Journal of Economic Surveys 30(2), 327-355. Available here. 

• Hatcher, M. 2014. Indexed versus nominal government debt under inflation and price-level targeting, Journal of Economic Dynamics and Control 45(C), 126-45. Available here (Online Appendix,  codes).

Postprints can be found here.  My github page is: https://github.com/MCHatcher.